---
schema_version: "secwatch.filing_event.v1"
accession: "0001883685-24-000007"
form_type: "8-K"
ticker: "DKNG"
cik: "0001883685"
company_name: "DraftKings Inc."
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:29:20.741900+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# DraftKings to buy Jackpocket for $750M; Q4 revenue $1.23B, raises 2024 guidance

## Summary
- Acquiring Jackpocket for $750M: ~$412.5M cash + ~$337.5M DKNG stock; subject to HSR, regulatory approvals, and 80% employee retention.
- Q4 revenue $1,231M (+44% YoY); MUPs 3.5M (+37%); ARPMUP $116 (+6%).
- FY2024 revenue guidance raised to $4.65B-$4.90B (midpoint $4.775B); Adjusted EBITDA raised to $410M-$510M (midpoint $460M).
- Customer-friendly sports outcomes reduced Q4 revenue by ~$175M and Adjusted EBITDA by ~$126M.
- First full year of positive Adjusted EBITDA expected in 2024; plans to launch in NC on March 11, 2024.

## SEC filing metadata
- accession: 0001883685-24-000007
- form_type: 8-K
- ticker: DKNG
- cik: 0001883685
- company_name: DraftKings Inc.
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 2.02, 3.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883685/000188368524000007/0001883685-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883685/000188368524000007/dkng-20240215.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883685-24-000007
- JSON: https://secwatch.observer/filing/0001883685-24-000007.json
- Plain text: https://secwatch.observer/filing/0001883685-24-000007.txt

## Key facts
- Earnings Releases
  DraftKings Inc. reported financial results for the quarter and year ended December 31, 2023.
  - Period: the quarter and year ended December 31, 2023
  - Result: reported results
  source text: On February 15, 2024, DraftKings issued a press release announcing the Company’s financial results for the quarter and year ended December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000188368524000007/0001883685-24-000007-index.htm
- Material Agreements
  DraftKings Inc. entered into Agreement and Plan of Merger and Plan of Reorganization with JackPocket Inc. valued at aggregate consideration of $750,000,000, approximately $412,500,000 cash and approximately $337,500, (effective 2024-02-11).
  - Action: entry
  - Agreement: merger
  - Counterparty: JackPocket Inc.
  - Value: aggregate consideration of $750,000,000, approximately $412,500,000 cash and approximately $337,500,
  - Effective: 2024-02-11
  source text: On February 11, 2024, DraftKings Inc., a Nevada corporation (the “ Company ” or “ DraftKings ”), JackPocket Inc., a Delaware corporation (“ Jackpocket ”), DraftKings Holdings Inc., a Nevada corporation and a direct wholly-owned subsidiary of DraftKings (“ DK HoldCo ”), Fortune Merger Sub Inc., a Delaware corporation and a direct wholly-owned subsidiary of DK HoldCo (“ Merger Sub I ”), Fortune Merger Sub LLC, a Delaware limited liability company and a direct wholly-owned subsidiary of DK HoldCo (“ Merger Sub II ” and, together with Merger Sub I, the “ Merger Subs ”) and Shareholder Representative Services LLC, a Colorado limited liability company, solely in its capacity as representative, agent and attorney-in-fact of the Jackpocket securityholders, entered into an agreement and plan of merger and plan of reorganization (the “ Merger Agreemen t”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883685/000188368524000007/0001883685-24-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.